The dog has been caged for too long. The ascending triangle pattern we find our-self in is a great indicator for a trend reversal. Yesterdays candle is what is enticing me to double down here. I am personally using a tight stop for this trade and going for the 1st take profit . Then, opening a trade with the loose stop and lower entry if I get stopped out. You can adjust accordingly due to your trading style.
Happy Trading!
Dashed Red Line = Tight Stop
Solid Red Line = Loose Stop
Dashed Green Line = 1st Take profit
Solid Green Line = 2nd Take Profit
Purple Line = Trading Range/Pattern
Happy Trading!
Dashed Red Line = Tight Stop
Solid Red Line = Loose Stop
Dashed Green Line = 1st Take profit
Solid Green Line = 2nd Take Profit
Purple Line = Trading Range/Pattern
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